Answered: Carl owns property with an assessed…

Carl owns property with an assessed value of $72,450. If the tax rate is 6.82% of the assessed value, how much tax does Carl owe? (Round your answer to the nearest cent if necessary)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Carl owns property with an assessed value of $72,450. If the tax rate is 6.82% of the assessed value, how much tax does Carl owe? (Round your answer to the nearest cent if necessary)

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